| Jun 11, 2013
| 7:32 PM
The state-owned Hyatt Regency Chesapeake Bay resort in Cambridge continues to deplete a reserve fund to cover its semiannual debt payments because it is not making enough money.
The state withdrew $2 million from the reserve June 1, cutting the fund's...
| Jun 13, 2013
| 6:45 AM
A recent article in The Sun lamented the scheduled interest rate increase on student loans ("Student loan rates set to rise, barring Congress cram session," June 7).
Cancellation of this program would be of benefit to all future students. The increase...
| Jun 13, 2013
| 9:59 AM
State regulators have ordered a South Dakota-based payday lender to stop making consumer loans in Maryland after finding the company used predatory tactics and charged excessive interest rates.
Western Sky Financial, located on a reservation in Timber...
| Jun 24, 2013
| 4:52 PM
Can you figure out how much a $300 sofa would cost during a half-price sale? If five people share the winning numbers for a lottery with a $2-million prize, can you calculate how much money will wind up in each winner’s pocket? If questions like...
| Jun 28, 2013
| 4:00 AM
The Consumer Financial Protection Bureau said it ordered U.S. Bank and its partner to return about $6.5 million to service members who had been deceived by the terms and costs of subprime auto loans.
The federal agency said U.S. Bank and Dealer...
| Jul 1, 2013
| 3:58 PM
Financial aid directors at Maryland colleges hope that members of Congress will return from their July 4 recess and reverse the doubling of the interest rate on new federal loans for financially needy students.
"I am actually hoping they come to their...
| Jul 5, 2013
| 3:00 AM
Because Congress couldn't get its act together last month — not really all that surprising given the partisan gridlock in Washington — interest rates on federally subsidized Stafford student loans rose from 3.4 percent to 6.8 percent on...
| Jul 10, 2013
| 10:40 AM
WASHINGTON – A proposal to extend lower interest rates for some federal student loans failed for the second time in the Senate on Wednesday, putting new pressure on Democrats to reach a compromise on the issue.
A unanimous bloc of Republicans,...
| Jul 10, 2013
| 2:31 PM
It comes as no surprise that a deadlocked Congress missed the July 1 deadline to pass a bill that would have kept the interest rates on federally subsidized Stafford student loans from doubling from 3.4 percent to 6.8 percent, as required in 2007...
| Jul 12, 2013
| 7:14 PM
Wells Fargo & Co. booked a record $5.5 billion in profit during the second quarter despite a dramatic rise in mortgage rates and signs of a slowdown in its refinancing business.
The 19% year-over-year jump in earnings for the nation's largest home...
| Jul 14, 2013
| 10:19 PM
Consumer Portfolio Services Inc. operates on a simple principle: Everyone needs a car.
For more than two decades, the Irvine subprime auto lender, known as CPS, has helped finance vehicles for people who have less than perfect credit.